The bank with the capital totaling $50 bln at the first stage will start working at the turn of 2015

MOSCOW, April 14. /TASS/. Russia expects a portion of resources of the Asian Infrastructure Investment Bank will be allocated to finance joint projects with participation of the Eurasian Economic Union (EAEU) member-nations, Deputy Minister of Economic Development Stanislav Voskresenskiy said on Tuesday.

Russia officially became the founding member of AIIB, a new international financial institution established to promote financial interaction in the Asia-Pacific. The bank with the capital totaling $50 bln at the first stage will start working at the turn of 2015.

"We hope a portion of bank’s resources will be directed to funding of joint development projects of the Eurasian Economic Union and China," the deputy minister said.